Sept. export data hinted at crisis

Nov 14, 2008 | 11:35 AM | Paul Schaffer

The beginnings of what later became a sickening plummet in scrap metal exports can be seen in September U.S. Census data, with overall dollar value of shipments off by 25 percent from the previous month.

For shipments to all destinations, declines of 30 percent were recorded for steel and iron scrap, 20 percent for aluminum scrap and 10 percent for copper and brass scrap.

For shipments to China, which is the leading buyer of U.S. material, the declines were 20 percent for aluminum scrap and 6 percent for copper and brass scrap. Ferrous scrap to China surprisingly rose by 10 percent in value from August.....





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